Thursday, January 29, 2015

My Investment Strategy Part 2 of 3 - Real Estate

No big surprise that part of my investment strategy is in Real Estate.  I invest in Real Estate mainly through rental properties with Sis.  Currently we have three properties in Calgary and one property in Edmonton.  We have two criteria when we evaluate a property for purchase:

Appreciation potential:
  • Is this property priced right or under/over priced?
  • What is the price we can likely negotiate?
  • How long do we expect to keep this house for?  What kind of appreciation can we expect when we sell?
  •  Are there any improvement costs we will need to invest immediately to bring this property up to par for renting? 
  • Are there any improvement costs we will need to invest over time to up keep or prepare the property for selling?
Cash Flow:
  • Will this property be cash flow positive?  i.e. we want the income to cover expenses so we don't have to inject money into the rental monthly.
This is the primary way we invest in Real Estate.  Then we also put a small budget aside for investment in the occasional property flips, and land investment through private companies.

Tuesday, January 27, 2015

RBC Statement Challenge

I heard about this RBC Statement Challenge awhile back.  You take your statement from another bank to an RBC adviser, have them tell you how your can save your money, and get a $50 Visa Gift card.  I didn't pay too much attention buecase I assume this is a campagin to get new clients and I'm already a client via the iPad give away.

I was in RBC to do an RRSP investment today and my advisor said it applies to existing clients as well.  So I have an appoitment to see her again tomorrow.  If you are interested, hurry!  Offer ends February 2, 2015.

Friday, January 23, 2015

Calgary Co-op Free Product Friday

I happen to glance at an email this week from the Calgary Co-op highlighting something called "Free Product Friday".

Not sure if this is every Friday but I downloaded the Co-op App and got a 3 Roll pack of Viva Vantage Towels ($4.99) for free today.  Check it out for next Friday.